Hey, we have a great show for you today, Jeremy Pi from italic.com joins the show to talk about

his incredibly disruptive e-commerce model. He's basically taking factories in China,

having them build amazing, no brand, no label products, basically like Amazon Basics or Uniclo,

if you know that brand, and then he's having those factories sell directly to US consumers.

It's a super interesting model and they've just raised a ton of money and the products are

absolutely addicting and brilliant. But first, we're going to talk about Facebook's Q3 earnings,

revenue is up massively, 35% year-over-year, which is on a big number. So that's pretty impressive.

But user growth is slowing. They've only grown 6% in daily active users year-over-year.

That's down 50% in terms of their growth rate. And they might be rebranding this week as the

metaverse company and all these papers are being dropped and they're losing a ton of young teenage

users. That spells a lot of headwinds for Zuckerberg and Facebook. We're going to break it all

down and talk about it right after the break. Stick with us. This week in startups is brought to you by

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Facebook reported their Q3 earnings and disclosed that Facebook reality labs, aka Oculus,

is spending $10 billion in 2021. Let's break it down because there's a lot of important things

going on at Facebook. They're changing the reporting structure dramatically starting in Q4,

...